New Delhi, April 30 -- The Ministry of Coal has issued a Letter of Award (LoA) under Category III of Round II of the Rs 8,500 crore financial incentive scheme for promotion of coal gasification projects.
The LoA was awarded to Kartikay Vayunandana Private Limited for setting up a coal-to-acetic acid plant in Gadchiroli. The project involves an investment of Rs 793 crore and will have an installed production capacity of 75,900 tonnes per annum of acetic acid.
The scheme aims to promote coal and lignite gasification by supporting demonstration and small-scale product-based projects. Under Category III, financial assistance of up to Rs 100 crore per project or 15 per cent of capital expenditure, whichever is lower, is provided.
The minis...